LONDON, April 25 (Reuters) - Britain's finance ministry has named financial services executive Liz Oakes to the Bank of England's Financial Policy Committee and reappointed former Bank of Canada official Carolyn Wilkins to a second three-year term, the BoE said on Thursday.
"Ms Oakes joins the FPC following a long career in the financial services sector focussing on payments. She has held a number of executive and board level roles in financial and professional services firms," the BoE said.
Oakes' profile on professional networking website LinkedIn shows she was an executive vice president at Mastercard from December 2018 to March 2023, and holds a non-executive position on the board of Mangopay, a payment infrastructure provider.
Oakes will start her new role on June 3 and replaces Elisabeth Stheeman on the FPC, whose term expired in February. Wilkins, a former senior deputy governor at the Bank of Canada, will remain on the FPC until June 2027.
The FPC is chaired by BoE Governor Andrew Bailey and has 13 members. It monitors financial risks and sets rules around mortgage lending and capital ratios for banks operating in Britain as well as guidelines. (Reporting by David Milliken; editing by William James and William Schomberg)